Business Archives | Page 7 of 99

KCCI Urges J&K Bank to Lift Monetary Caps on ‘Karz-se-Mukti’ Scheme

January 2, 2025 Editor

KCCI Pushes for Unrestricted ‘Karz-se-Mukti’ Scheme to Aid Borrowers Srinagar, January 1: The Kashmir Chamber of Commerce and Industry (KCCI) has called on Jammu & Kashmir Bank to eliminate all monetary caps and ceilings from its recently announced special one-time settlement scheme, named “Karz-se-Mukti.” According to the Chamber, the scheme must operate without any upper limits to effectively address the diverse needs of borrowers across all segments of the business community. The existing scheme includes a ceiling of ₹5 crore, which the Chamber identifies as a significant impediment to its…

Historic Milestone: Udhampur-Srinagar-Baramulla Rail Link Completed

December 14, 2024December 14, 2024 Editor

Udhampur-Baramulla rail line ready; Centre calls it milestone A significant milestone has been achieved with the completion of the final track work on the prestigious Udhampur-Srinagar-Baramulla Rail Link, connecting Kashmir with the rest of the country. The Ministry of Railways announced the development on Friday. Union Railways Minister Ashwini Vaishnaw shared the update on X, calling it a “historic milestone.” He stated, “Final track work on the Udhampur – Srinagar – Baramulla Rail Link is complete.” He further revealed that the ballast-less track work for the 3.2 km-long tunnel T-33,…

Kashmiri Vendor Attacked in Haryana, Sparks Outrage

December 10, 2024 Editor

Kashmiri Vendor Attacked in Haryana, Sparks Outrage Srinagar, December 9, 2024 – In a distressing incident at the Geeta Jayanti Fair in Kurukshetra, Haryana, a Kashmiri cloth vendor was targeted and attacked by miscreants, sparking widespread outrage. The assault highlights the serious issue of communal disharmony and intolerance, and has been strongly condemned by politicians across Jammu and Kashmir. Incident Details The attack occurred during the Geeta Jayanti Fair, where a group of right-wing activists reportedly targeted the vendor, vandalizing his stall and physically assaulting him. A video of the…

MSME Crisis: J&K Suffers 700 Closures in Four Years, Part of National Struggle

December 6, 2024 Editor

700 MSMEs shut shop in J&K in 4 years; The closures in J&K are part of a larger nationwide trend, with 61,469 industrial units, including 60,909 micro, 507 small, and 53 medium-scale enterprises, closing during the same period Srinagar, Dec 5: In a significant blow to Jammu and Kashmir’s industrial landscape, over 700 Micro, Small, and Medium Enterprises (MSMEs) have shut down operations in the past four years. According to a written reply by Union Minister of Commerce and Industry Piyush Goyal in the Lok Sabha, 701 industrial units, including…

Nadru in Kashmiri Cuisine: A Culinary Treasure from the Lakes

December 6, 2024December 6, 2024 Editor

Nadru: Kashmir’s Culinary Gem and Cultural Treasure By: Javid Amin Few ingredients evoke the essence of Kashmiri culture like Nadru—the prized lotus stem harvested from the pristine waters of Kashmir’s lakes and wetlands. Beyond its unique taste and texture, Nadru holds a deep cultural and economic significance for the region, making it a must-have in every Kashmiri household. This article explores the origins of Nadru, its importance in Kashmiri cuisine, and how platforms like Kashmir Store and Kashmir Bazar are bringing this delicacy to food lovers worldwide. What is Nadru?…

Kashmir’s Tourism Gets a Fillip with Autumn Colors and Early Snowfall

November 24, 2024November 24, 2024 Editor

The tourism players say the tourism sector has seen a slump after bumper tourism seasons in 2022 and 2023, noting that low footfalls since July after the end of Parliamentary elections By: Javid Amin After a lean tourist season in the backdrop of back-to-back Parliamentary and assembly elections in Jammu and Kashmir this year and deterioration in security situation, there has been a slight uptick in visitors in November to Kashmir valley, hinting at better days. The tourism players say the tourism sector has seen a slump after bumper tourism…

Discover Harissa: Kashmir’s Beloved Winter Comfort Food

November 20, 2024November 20, 2024 Editor

Spice of Winter: How Harissa Warms Kashmir’s Soul By: Javid Amin Srinagar, Nov 18 – As frost blankets Kashmir, a beloved culinary tradition rises to combat the chill – Harissa, the mutton delicacy that transforms winter mornings into a gastronomic celebration. From the narrow lanes of Aali Kadal to the bustling markets of Srinagar, this centuries-old comfort food is commanding unprecedented attention. By 10 AM, Harissa shops are already sold out, testament to the dish’s irresistible allure. Traditional preparation is an art form, with experts like Muhammad Ismail dedicating generations…

Unified Call for Peace: Tourism Leaders Condemn Kashmir Attacks

November 6, 2024 Editor

Tourism Industry and Community Leaders Condemn Recent Attacks in Kashmir, Demand Action Srinagar, Nov 5, 2024 – In a unified call for peace and stability, tourism industry stakeholders and community leaders in Kashmir have strongly condemned the recent spate of terror attacks in the region. These incidents, which have targeted both locals and non-locals, have sparked widespread concern and calls for immediate action to restore peace. Joint Press Conference At a joint press conference held in Srinagar, several prominent figures from the tourism sector voiced their condemnation of the attacks…

Tourism in Crisis: Why Rising Violence in Kashmir is Putting Local Investment at Risk

November 4, 2024November 4, 2024 Editor

Violence and Uncertainty Threaten Investment and Tourism Hopes in Kashmir – A Closer Look at the Impact on Local Business By: Javid Amin Kashmir’s breathtaking landscapes and rich culture have long attracted travelers and investors alike, establishing tourism as a critical pillar of its economy. However, recent instability and violence have severely impacted this essential industry, leaving local businesses to face unprecedented challenges. The ripple effects are widely felt, from the bustling streets of Srinagar to the serene resorts of Gulmarg. This article explores the effect of the unrest on…

CCI Jammu Delegation Raises Concerns with State Taxes Commissioner

November 2, 2024 Editor

Allege harassment, businessmen delegation meets commissioner The Chamber of Commerce and Industry, Jammu, has claimed that the multiple issues concerning the state taxes were impacting traders in the region. A delegation of the chamber led by its president Arun Gupta met the Commissioner of State Taxes Department in which they raised the issues concerning the traders. Gupta said the businessmen who are doing their business honestly, paying and filing their GST return in time are being harassed on one pretext or the other. “There is a general practice that even the businessmen…